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EDPR announces collaboration with Formula E

EDPR announces collaboration with Formula E

London, UK (November 23rd 2015) – EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s fourth-largest wind energy producer has today confirmed its collaboration with Formula E, the world’s first fully-electric racing series.
EDPR has donated 10,000 green certificates under the new collaboration, enough to cover the energy needs for the whole inaugural season and aligning Formula E’s energy consumption with the environmental attributes of wind energy from the purchase of Renewable Energy Certificates (RECs).

Alejandro Agag, CEO of Formula E, said: “I’m delighted that EDPR has enabled us to cover the energy needs of the inaugural season of Formula E. We are both very committed to the promotion and use of renewable energies in addition to minimising our carbon footprint. This makes our collaboration with EDPR a perfect match.”

Gabriel Alonso, CEO of EDP Renewables North America, added: “Through this initiative, EDPR is looking to support new R&D technologies within the automobile industry associated with electrical power, the ultimate aim being to generate interest among motorsport fans for race cars that run on less polluting energies.”

About FIA Formula E Championship:

Formula E is a ground-breaking FIA championship and the world’s first fully-electric racing series. It represents a vision for the future of the motor industry, serving as a framework for research and development around the electric vehicle, accelerating general interest in these cars and promoting sustainability. The first season began in Beijing in September 2014 and completed in London in June 2015, racing in 10 major cities (11 races) around the world. The championship sees 10 teams, each with two drivers, going head-to-head to create a unique and exciting racing series designed to appeal to a new generation of motorsport fans. Season two gets underway in October in Beijing where the series becomes an ‘open championship’ allowing approved manufacturers to develop new powertrain solutions. Future seasons will see the regulations open up further allowing manufacturers to focus on improving battery technology.

For more information on Formula E visit www.fiaformulae.com